Volvo 2014 Annual Report Download - page 190

Operating margin
%2014 2013 2012 2 011 2010 2009 2008 2007 2006 2005 2004
Trucks 2.2 3.4 5.3 9.2 6.0 (7.8) 6.0 8.1 7.7 7.5 6.6
Buses 0.5 (1.1) 0.3 5.1 3.8 (1.9) (0.4) 1.4 4.3 2.8 1.2
Construction Equipment 1.2 4.9 9.1 10.7 11. 5 (11. 2 ) 3.2 7. 9 9.7 7.9 6.5
Volvo Penta 9.3 8.3 7.1 9.8 6.6 (2.8) 8.1 10.0 10.3 9.6 10.4
Volvo Aero – – 14.7 5.7 3.7 0.6 4.8 6.9 4.4 11.1 5.8
Volvo Group Industrial
Operations 1.5 2.1 5.4 8.5 6.9 (7.8) 5.2 7.8 7.9 7.9 7. 3
Customer Finance 16.9 16.0 15.3 10.9 1.8 (5.8) 16.5 21.4 22.0 26.9 14.2
Volvo Group 2.1 2.6 5.8 8.7 6.8 (7.8) 5.2 7.8 7.9 7.5 7.0
Operating income
SEK M 2014520134201232 011 2010 2009 2008 2007 200622005 20041
Trucks 4,157 6 ,14510,216 18,227 10 ,112 (10, 805) 12,167 15,193 13 ,116 11, 717 8,992
Buses 92 (190) 51 1,114 780 (350) (76) 231 745 470 158
Construction Equipment 652 2,592 5,773 6,812 6,180 (4,005) 1,808 4,218 4,072 2,752 1,898
Volvo Penta 724 626 541 825 578 (230) 928 1,173 1,105 943 940
Volvo Aero – – 767 360 286 50 359 529 359 836 403
Customer Finance 1,712 1,522 1,492 969 167 (680) 1,397 1,649 1,686 2,033 1,365
Other (1,514) (3,557) (1, 217) (1,408) (102) (994) (731) (762) (684) (598) 923
Operating income (loss)
Volvo Group 5,824 7,138 17,622 26,899 18,000 (17,013) 15,851 22,231 20,399 18,153 14,679
As of January 1, 2007, the benefits from the synergies created in the business
units are transferred back to the various business areas. Comparison figures for
2006 have been restated.
1 Operating income in 2004 included reversal of write-down of shares in Scania
AB of 915, reported in Other, and write-down of shares in Henlys Group Plc of
95, reported in Buses.
2 Operating income in 2006 includes adjustment of goodwill of neg 1,712,
reported in Trucks.
3 Volvo Aero was divested October 1, 2012.
4 Operating income in 2013 includes a revaluation of neg 1,500 related to Volvo
Rents, reported in Other.
5 Operating income in 2014 included provisions of 4,450 for pending EU antitrust
investigation of 3,790 and expected credit losses of 660.
Number of employees at year-end
Number1, 2, 3 2014 2013 2012 2 011 2010 2009 2008 2007 2006 2005 2004
Trucks 58,067 58,542 61,256 62,315 57,796 56,505 64,280 64,390 49,900 50,240 49,450
Buses 6,900 6,648 7,514 8,529 8,685 9,541 8,930 9,290 7,760 7,710 7,700
Construction Equipment 14,901 14,663 14,788 18,422 16,648 16 ,126 19,810 19,710 11, 0 5 0 10,290 9,930
Volvo Penta 1,422 1,412 1,361 2,549 2,353 2,928 2,940 3,000 1,650 1,560 1,580
Volvo Aero –––3,179 3,120 3,278 3,510 3,550 3,510 3,460 3,350
Financial Services 1,339 1,355 1,362 1,323 1,235 1,234 1,290 1,150 1,010 1,070 1,100
Other 10,193 12,913 12,436 1,845 572 596 620 610 8,310 7,530 7,970
Volvo Group, total 92,822 95,533 98,717 98,162 90,409 90,208 101,380 101,700 83,190 81,860 81,080
1 As of 2007, employees in business units are allocated to the business areas.
2 As of 2009 regular employees are shown, previously temporary employees were also included.
3 As of 2012, employees in business units are not allocated to the business areas.
Environmental performance of Volvo production plants, Industrial operations
Absolute values related to net sales 2014 2013 201212 011
Energy consumption (GWh; MWh/SEK M) 2,176; 7. 9 2,536; 9.6 2,518; 8.6 2,471; 8.1
CO2 emissions (1,000 tons; tons/SEK M) 231; 0.8 280; 1.1 235; 0.8 255; 0.8
Water consumption (1,000 m3; m3/SEK M) 4,982; 18.1 5,815; 21.9 7,372; 25.2 7,970; 26.2
NOx emissions (tons; kilos/SEK M) 332; 1.2 347; 1.3 413; 1.4 474; 1.6
Solvent emissions (tons; kilos/SEK M) 2,387; 8.6 2,221; 8.4 2,358; 8.1 2,554; 8.4
Sulphur dioxide emissions (tons; kilos/SEK M) 18.3; 0.1 23.4; 0.1 26; 0.1 34; 0.1
Hazardous waste (tons; kg/SEK M) 24,944; 90.4 28,395; 107.0 3 2, 547; 111. 4 25,943; 85.5
Net sales, SEK bn 276.0 265.4 292.2 303.6
1 Restated according to new accounting rules.
2 Excluding UD Trucks and Ingersoll Rand Road Development.
FINANCIAL INFORMATION 2014
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